Cornerstone Strategic Value Fund (CLM)

[blackcat]

It's all to do with the rights offering. I trade it a little differently. I sold a chunk of shares at $14.45- when the RO was announced and I will buy them back soon.
I won't add any because the position is big enough. I will use the large leftover cash profits to start or add to another position.

he or she will be entitled (but not required) to purchase one new share of the Fund at a subscription price equal to the greater of (i) 112% of net asset value per share as calculated at the close of trading on the expiration date of the offering or (ii) 65% of the market price per share at such time.

The subscription period will commence shortly after the Record Date, and will expire at 5:00 p.m., EDT, on Friday, May 20, 2022, (the “Expiration Date”) unless extended.The subscription period will commence shortly after the Record Date, and will expire at 5:00 p.m., EDT, on Friday, May 20, 2022, (the “Expiration Date”) unless extended